Political Quotes

Peter Welch: The question is this: Our small insurers in Vermont that do business in a good and friendly way usually are in the range…

On the recordSeptember 19, 2007
The question is this: Our small insurers in Vermont that do business in a good and friendly way usually are in the range of $100 million. That is above your limit. The requirement that they will have to, in effect, indicate an insolvency risk threatens their rating which would adversely affect their business. My question is, as you go forward, and as new information becomes available, my hope is that you and the committee would be willing to make what adjustments are feasible within the context of the overall goal.
Said by
Peter Welch
Democratic · Vermont

Editor's note · Context

Discussing the impact of insolvency risk requirements on small insurers in Vermont.

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